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Search Results 0 to 11 of about 12 (some duplicates have been removed)
of low interest rates. then on the government side we have less drag from tax increases and spending cuts than we had last year. so i think this year will be noticeably stronger than it was in 2013. >> let's get a quick thought on housing. i agree with most of what you said there bquibble with the ida that incomes are going up very much. there is i'm told a bit of a squeeze on affordability. incomes have not gone up enough to keep up with rising mortgage rates and rising prices. is housing going to slow markedly this year because of that? >> well, certainly affordability has declined from where it was a couple of years ago where we had mortgage rates at 3.25% and prices were down tremendously. however, prices are still down by about 1/5 from where they were at their peak in 2006. we are seeing some job growth, some income growth, and we do see lenders a little bit more willing to lend. so i think although affordability is down somewhat, it's still pretty good on a historical basis. and i think that will be enough to bring people into the housing market. >> thanks a lot, gus. appreciate yo
obama unveils his $4 trillion budget. what's his plan for spending and new tax in the coming year? >>> tough turn around. the radio shack will close over 1,000 stores as it tries to stem a sharp slide in sales. can the troubled neighborhood electronics retailer reverse the trend in this ultracompetitive environment? all that and more tonight on "nightly business report" for tuesday, march 4th. >>> good evening, everyone. russia retreats and wall street gets a massive relief rally. investors bought up stocks after russian president putin pulled troops back from the border of ukraine, allaying worries about an imminent military showdown. the major averages surged 1.5% or more, posting their biggest gains so far this year. even setting a new record close for the s&p 500. now those sky-high gains wiped out all of yesterday's losses and even russia's stock market which lost 12% on monday rose more than 6% today. here's a look at the closing numbers. 9 dow soared 227 points, the nasdaq ended at a fresh 14-year high adding almost 75 points and the s & p jumped 28 points to 1873. that's a
. >> the government pensions aren't the problem. the private are. the government has the power to tax, and it has the power to print money. we are not in a dangerous u.s. fiscal situation. we -- at some -- we have to quit having our debt grow as a percentage of gdp. it made sense to have it happen during -- when things were terrible five years ago, but we can have a deficit, which creates more debt but not at a rate that grows faster than gdp grows. the trend is wrong. there is a danger if that goes on, although a lot of countries have gone far beyond. i don't like to see it go up as a percentage. this country is in wounderful shape. >> finally, looking at the stock market today, there are people nervous about what happens with the situation in ukraine. you would tell them? >> i would tell them it doesn't change anything. if you have a wonderful business of your own in illinois, why would you sell it today because of what is happening in the ukraine? if you have a farm producing, an apartment house that's fully occupied, why would you sell it today because of the ukraine? that's the same if you h
that money relies on ending some federal corporate tax breaks. >>> finally tonight, in an effort to spur competition, the affordable care act provided government loans to launch non-profit ensures known as co-ops that were designed to compete against established commercial insurance plans. in the final part of our series, insurance upstarts bertha coombs tha takes a look at the co-ops and whether they could end up leaving taxpayers on the hook if they falter. >> created to give us control of our own health care. >> reporter: health republic or new jersey uses its nonprofit status as a selling point. >> we're proud of that. we found that message resonates with people. the whole idea of being a cooperate i've, consumer operated and oriented plan not for profit committed to innovating in health care. >> reporter: it launched with help from the nonprofit freelancers union, using federal loans under the affordable care act. >> we've been granted a considerable amount of sovereignty dollars to make sure we're able to cover any of the issues and concerns around you tillization so none of our me
Search Results 0 to 11 of about 12 (some duplicates have been removed)